Legislators should help manufacturing rebound
While the South Coast is reveling in its waterfront makeover, tri-county tourism is getting stronger and economists are heralding a boom in craft spirits, the manufacturing core of the region is looking more and more hollowed-out. Large sections of Simi Valley and west Ventura County and North Santa Barbara County are losing head-of-household jobs. San Read More →
Read More →Dubroff: Merger writes next chapter for Central Coast banking
The $405 million sale of Heritage Oaks Bancorp to Pacific Premier Bancorp caught many experts by surprise. It is a transformative deal for the Irvine-based buyer, which will grow from $3.8 billion to $6 billion in assets when it closes next year. Pacific Premier will extend its franchise, leapfrogging past Los Angeles and heading deep Read More →
Read More →Kurland stepping down but influence continues
PennyMac Financial’s Stanford Kurland has a habit of working in mysterious ways. A veteran of Countrywide Financial, he joined that company in the late 1970s and rose through the ranks to become its president, leaving without fanfare in 2006 — just as the excesses in the mortgage market were beginning to become apparent. In 2009, Read More →
Read More →Heritage Oaks Bancorp merging with Pacific Premier
Story updated at 11:30 a.m.: In a deal that will once again shake up the ranks of top banks in the region, Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share based on current values. The all-stock merger, announced before the markets opened on Dec. 13, will Read More →
Read More →No more delays in widening Highway 101
There they go again. The no-growth crowd is crowing about a newly-released environmental impact report that shows a handful of intersections on Highway 101 will experience slowdowns after the highway is widened between Carpinteria and Montecito. But to anybody who’s been following the buzzing of political gadflies around the estimated $428 million project, the complaints Read More →
Read More →Dubroff: Central Coast will have one of its own on Trump’s Cabinet
President-elect Donald Trump’s appointee for secretary of labor, CKE Restaurants CEO Andy Puzder, will have more influence on national policy than any Central Coast business leader in decades. The implications for California are significant. Puzder is a 66-year-old attorney and former general counsel of Hardee’s and Carl’s Jr.’s parent company. He rebuilt the CKE brands Read More →
Read More →PG&E pact will mitigate Diablo Canyon closure
San Luis Obispo County got an early Christmas present of sorts on Nov. 28. That’s when PG&E agreed to set up a $75 million fund plus an estimated $50 million to $70 million in additional payments to mitigate the impact of the closing of the Diablo Canyon nuclear plant by 2025. The agreement includes funds Read More →
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